Coal

Policy actions taken in China to reduce excess capacity in their domestic coal sector spilled over into global coal markets, with world prices rising. This further depressed global coal demand, particularly in the power sector around the globe, with natural gas and renewable energy the main beneficiaries

The UK’s relationship with coal almost completed an entire cycle: with the UK’s last three underground coal mines closing, consumption falling back to where it was roughly 200 years ago around the time of the industrial revolution, and the UK power sector recording its first-ever coal-free day in April of this year.